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Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede -Subramani Ra Mancombu

-The Hindu Business Line

Indian farmers gain as local wheat, maize, soyabean and mustard prices rise

Prices of agricultural commodities, particularly wheat, maize, soyabean and palm oil, dropped significantly in the global market during the weekend, after having surged on February 24 when Russia ordered its troops into Ukraine. 

The rates of most of these commodities dropped by over five per cent as members of the North Atlantic Treaty Organization (NATO) led by the US and other nations critical of Moscow’s action have not come up with any decision that will affect the movement of foodgrains such as maize, wheat and sunflower. 

In a way, fears over the supply of these commodities have receded, said traders.

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